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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (3617)	1/8/1999 3:32:00 PM
From: snerd	Respond to of 56535

Poet.... Correction on my trading style; Seems what I do best is buy high and sell low. : ) Snerd

To: Canuck Dave who wrote (3617)	1/8/1999 4:30:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 56535

Don't report back until you've found a winning strategy Here is my second best idea. Find a handful of popular threads here on SI, select them from the hot list. Then study each thread back for a few hundred posts, note the stocks that continually come into view--the same folks will often remind the thread of their favorite stocks. Now check the list of most popular Personal Profiles that have been bookmarked and refine your list of people to watch. You should have a guru list of half a dozen people. Now trade their stocks...anticipate what they are going to do as they watch the chart, and do it before they do, or just as they post a message saying what they think is a good plan. I think a lot of us do a little of that, why Jeff here on this thread probably has some influence for instance. But we don't do it as a discipline--we assume that we too have unearthed great stocks and now we just have to go out and tell everybody our picks. That is tough to do...and then if you pick a stinker you feel bad if it tanks. Maybe leave that pressure to somebody else. That is what makes trading the internuts so efficient, none of the work has to be done...there is agreed upon list of stocks which are continually in play...for no reason than they have dot com attatched etc. I've been thinking that searching out the gurus and the stocks they like would be a better way to play--I watch the biotech guys a lot, do keyword searches, scan the news, read what I can to try and educate myself. But after awhile one wonders if the puzzle you put together is the right picture, maybe you are jamming pieces together that really don't fit but just happen to look good next to each other --like that PBS show Connections from years ago-- entertaining but a lot of nonsense. Of course the idea that Jeff was coaxing us toward is where you have some experts to the thread and their is a common list for this little corner community of SI. As a team we come up with a magic list. But maybe the experts you really want are the ones which everybody on SI has already sorted out for us. Just some thoughts. Probably completly obvious and I now look silly for keying all that in. --MM